Lakewood Child Care Center

Analysis

Lakewood Child Care Center is a registered charity in United States, based in Lakewood, OH. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Lakewood Child Care Center reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $933k to $1.3m (+43%), an average of +7.4% a year. The sharpest change came in the year to July 2021, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakewood Child Care Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Diocesan Food Service Roman Catholic Diocese of Brooklyn Inc ($1.3m), Mission Lexington ($1.3m) and City Living Ny ($1.3m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 5.6% and program service revenue 92% of the total. Other salaries and wages came to $725k. At year end it held assets of $772k against liabilities of $24k, net assets of $748k. It reported 32 employees.